PetroRabigh starts expanded Saudi ethane cracker
4/22/2016 12:00:00 AM
KHOBAR, Saudi Arabia, April 21 (Reuters) -- Saudi Arabia's PetroRabigh has started full operations at its expanded ethane cracker, it said on Thursday.The expansion will increase ethane processing capacity from 95 million standard cubic feet/day (scfd) to 125 million scfd; boosting capacity to 1.6 MMtpy.
The start of the expanded ethane cracker will increase the company's revenue by an estimated 750 million riyals ($200 million) for 2016 and depending on the feedstock availability, the firm said in a bourse statement.
(Reporting by Reem Shamseddine; editing by Susan Thomas)
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